eNewsletter 15/2021

27 August 2021
Frequently Asked Questions issued by Inland Revenue Board (Update on 19 August 2021)

eNewsletter 14/2021

8 July 2021
Frequently Asked Questions issued by Inland Revenue Board (Update)

eNewsletter 13/2021

1 July 2021
Pelindungan Rakyat & Pemulihan Ekonomi (PEMULIH) aid package: Tax-Related Measures under PEMULIH

eNewsletter 12/2021

30 June 2021
Frequently Asked Questions issued by Inland Revenue Board (update)

eNewsletter 11/2021

22 June 2021
Special Alert -  Goods and Service Tax (GST)

eNewsletter 10/2021

21 June 2021
Tax Updates

eNewsletter 09/2021

14 June 2021
Frequently Asked Questions Issued by Inland Revenue Board

eNewsletter 08/2021

8 June 2021
Program Strategik Memperkasa Rakyat & Ekonomi Tambahan (PEMERKASA+): Tax-Related Measures under PEMERKASA+

eNewsletter 07/2021

15 April 2021
Inland Revenue Board (“IRB”) restructures payment centre counter services starting 1 April 2021 IRB has restructured its payment centre counter services in Kuala Lumpur, Kuching and Kota Kinabalu with effect from 1 April 2021.

General Information on Malaysian Taxation

9 April 2021
Highlights on tax-related matters. 

PEMERKASA Economic Stimulus Package: Tax-Related Measures

25 March 2021
The PEMERKASA economic stimulus package, which is valued at RM20 billion, was announced by the Prime Minister on 17 March 2021.

eNewsletter 05/2021:Tax Updates

24 February 2021
Double tax deduction on employee screening cost & Extension of effective period for further tax deduction on employment of senior citizen, ex-convict, parolee, supervised person and ex-drug dependent

eNewsletter 04/2021: Perlindungan Ekonomi & Rakyat Malaysia (PERMAI) assistance package: Tax-related measures

21 January 2021
The PERMAI assistance package, valued at RM15 billion was announced by the Prime Minister on 18 January 2021 to fulfil the following three main objectives:

eNewsletter 03/2021: Latest Transfer Pricing Updates

19 January 2021
Latest Transfer Pricing Updates: Effective 1 January 2021

eNewsletter 02/2021: Return of remuneration by an employer (Form E) - Year 2020

12 January 2021
Please note that the 2020 Form E is required to be submitted online to the Malaysian Inland Revenue Board (MIRB) by 31 March 2021. We would like to remind you that failure to lodge the above return within the stipulated period will render the employer liable to penalty or court action.

eNewsletter 01/2021: Current Tax Updates in Malaysia

11 January 2021
Current Tax Updates in Malaysia

RSM 2021 Budget Highlights

10 November 2020
Budget 2021 was announced on 6 November 2020.

eNewsletter 07/2020: Special Tax Alert

14 October 2020
Service Tax Guide on Reimbursement and Disbursement

eNewsletter 06/2020: Summary of current tax updates in Malaysia

10 August 2020
Summary of current tax updates in Malaysia

eNewsletter 05/2020: Short-Term Economic Recovery Plan (PENJANA): Tax-Related Measures

11 June 2020
Further to the Economic Stimulus Package (also known as PRIHATIN) to aid the people and businesses of Malaysia afflicted by the COVID-19 pandemic, the Government is now aiming to lead the country to the recovery phase. This is done with the announcement of the RM35 billion PENJANA stimulus package with measures introduced to attract investments and foster economic activities domestically to restore the economy. We highlight below the tax-related measures that have been announced.

eNewsletter 04/2020: Penalties for late payment of taxes which fall during the Movement Control Order (MCO) period

13 May 2020
On 30 April 2020, the Royal Malaysian Customs Department (“RMCD”) announced in a special alert that penalties for late payment of SST for the Taxable periods during the MCO period will be automatically generated in the MySST system. However, RMCD will remit the penalties generated as soon as possible.

eNewsletter 03/2020: Technical update : Earning Stripping Rules

29 April 2020
Income Tax (Restriction on Deductibility of Interest) Rules 2019

eNewsletter 02/2020: Tax implications for employers amidst COVID-19

15 April 2020
The adverse impact of COVID-19 to businesses has been severe in most cases. This has forced employers to seek for alternatives to how they manage their human resources. We share some thoughts on the tax implications for some of the possible scenarios.

eNewsletter 01/2020: PRIHATIN - Tax related measures and measures to aid SMEs amidst COVID-19

10 April 2020
As COVID-19 has heavily impacted the Malaysian economy and the wellbeing of its people, the Government of Malaysia has been announcing a slew of measures to aid the people and businesses to make it through this trying time. We highlight below the tax-related measures and measures particularly to aid Small and Medium-sized Enterprises that have been announced so far

Recent updates on Service Tax (September 2019 Edition)

30 September 2019
The Minister of Finance is scheduled to table the Budget 2020 in Parliament on 11 October 2019 and we foresee that there will be changes to the Sales Tax and Service Tax (“SST”) legislation. We will be update you on the significant changes of the Budget 2020 in our October 2019 edition.

Service Tax on Digital Services

23 September 2019
During the Budget 2019 speech on 2 November 2018, the Minister of Finance announced that Malaysia will look to broaden the scope of service tax to foreign service providers who provide digital services to consumers in Malaysia. The government proposed to implement the imposition of service tax on digital services on 1 January 2020.

RSM 2020 Budget Highlights

15 October 2019
The Honourable Finance Minister, Mr. Lim Guan Eng tabled the 2020 Budget on 11 October 2019. The theme for the 2020 Budget is “Driving Growth And Equitable Outcomes Towards Shared Prosperity”.

Tax Alert (May 2019)

29 May 2019
The SVDP was first announced in the 2019 Budget and is a tax amnesty initiative by the Inland Revenue Board (IRB). SVDP is focused mainly on taxpayers who have overseas bank accounts as well as taxable income in Malaysia but not yet declared to the IRB.

Indirect Tax Update- January 2019

4 January 2019
The Royal Malaysian Customs Department (RMCD) has announced the following with effect from 1st January 2019: -

2019 Budget Highlights

7 November 2018
The Honourable Finance Minister, Mr. Lim Guan Eng tabled the 2019 Budget on 2 November 2018. The theme for the 2019 Budget is “A Resurgent Malaysia, A Dynamic Economy, A Prosperous Society”  This highlight looks into the key changes affecting your business or industries.